Electric Cars News

The investment will be in areas such as electric cars and self-driving automobiles, but analysts said the sum was not a surprise as Hyundai Motor already spends 4-5 trillion won annually as capital expenditure and has previously indicated it will invest in those areas.

The pact envisages encouraging joint Research and development, deployment and manufacturing activities in the area of metal-air batteries for an array of applications, as stationary energy storage systems, electric mobility solutions.

Investments in electrified vehicles announced to date include at least $19 billion by automakers in the United States, $21 billion in China and $52 billion in Germany.

Of the 40 electrified vehicles Ford plans for its global lineup by 2022, 16 will be fully electric and the rest will be plug-in hybrids

Swedish luxury carmaker Volvo Cars aims to launch a range of products in India, including a fully electric vehicle next year, as part of its plans to double market share in the country by 2020. The company, which sold 2,029 units in the country last year, has a market share of around 5 per cent in the Indian luxury car segment.

The plaintiffs complained that the real power of their Tesla S P85D, a sedan with one of the fastest accelerations in the world, was 462 BHPand not 690 BHP as promised by the manufacturer.

In September 2017, Nissan updated the Leaf with a completely new design language, autonomous technology and a much higher driving range compared to its predecessor.

The Niro EV Concept is powered by a next-generation electric vehicle powertrain, using new production technologies earmarked for near-future EVs from Kia.